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            <itunes:name>Montel</itunes:name>
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            <title>UK battery storage: revenues, financing and LDES | Panel</title>
            <link>http://video.montel.energy/uk-battery-storage-revenues</link>
            <description>&lt;p&gt;&lt;p&gt;How can battery owners turn trading opportunities into revenues that support financing? This panel examines the relationship between hedging, dispatch, operating data and investment in Great Britain’s battery energy storage market.&lt;/p&gt;
&lt;p&gt;Fintan Devenney, Senior Energy Analyst at Montel, moderates Mark Meyrick, General Manager of Ecotricity Smart Grid Limited; Jacopo Buriollo, Founder and CEO of Megawatt Finance; and Victor Yip, GB Flexible Energy Lead at Aurora Energy Research.&lt;/p&gt;
&lt;h2&gt;What the panel discusses&lt;/h2&gt;&lt;ul&gt;&lt;li&gt;How top-bottom price spreads can inform hedges, tolling agreements and revenue floors, and where a simple spread differs from an asset’s full cash flow.&lt;/li&gt;&lt;li&gt;Whether greater visibility of battery energy through GC0166 will improve dispatch in the Balancing Mechanism, and who benefits from that transparency.&lt;/li&gt;&lt;li&gt;The financing rationale for long-duration energy storage (LDES) cap-and-floor support, alongside concerns about procurement, location and unintended market effects.&lt;/li&gt;&lt;li&gt;How large storage projects may change competition for services, and where smaller batteries could find an operational niche.&lt;/li&gt;&lt;li&gt;The trade-off between merchant opportunities and bankable evidence in newer European markets compared with Great Britain.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;The speakers offer differing views on storage policy and commercial strategy. Their exchange distinguishes potential market opportunities from the contracted income and operating evidence used in financing decisions. The recording ends with the conference’s closing reflections on geopolitics, interconnectors and flexibility.&lt;/p&gt;
&lt;p&gt;Recorded at Montel UK Energy Day on 10 November 2026 at the QEII Centre in London, in the session on the development of BESS in the UK. &lt;a href="https://montel.energy/resources/academy/conferences/uk-energy-day-2026"&gt;View the event programme&lt;/a&gt; or &lt;a href="https://video.montel.energy/uk-energy-day-2026-1"&gt;watch all UK Energy Day 2026 recordings&lt;/a&gt;.&lt;/p&gt;
&lt;/p&gt;&lt;p&gt;&lt;a href="http://video.montel.energy/uk-battery-storage-revenues"&gt;&lt;img src="http://video.montel.energy/64968576/134074723/2c434d37ba040dbddcc1d92a936794f1/standard/download-12-thumbnail.jpg" width="600" height="338"/&gt;&lt;/a&gt;&lt;/p&gt;</description>
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            <pubDate>Thu, 12 Nov 2026 23:02:44 GMT</pubDate>
            <media:title>UK battery storage: revenues, financing and LDES | Panel</media:title>
            <itunes:summary>How can battery owners turn trading opportunities into revenues that support financing? This panel examines the relationship between hedging, dispatch, operating data and investment in Great Britain’s battery energy storage market.
Fintan Devenney, Senior Energy Analyst at Montel, moderates Mark Meyrick, General Manager of Ecotricity Smart Grid Limited; Jacopo Buriollo, Founder and CEO of Megawatt Finance; and Victor Yip, GB Flexible Energy Lead at Aurora Energy Research.
What the panel discussesHow top-bottom price spreads can inform hedges, tolling agreements and revenue floors, and where a simple spread differs from an asset’s full cash flow.Whether greater visibility of battery energy through GC0166 will improve dispatch in the Balancing Mechanism, and who benefits from that transparency.The financing rationale for long-duration energy storage (LDES) cap-and-floor support, alongside concerns about procurement, location and unintended market effects.How large storage projects may change competition for services, and where smaller batteries could find an operational niche.The trade-off between merchant opportunities and bankable evidence in newer European markets compared with Great Britain.The speakers offer differing views on storage policy and commercial strategy. Their exchange distinguishes potential market opportunities from the contracted income and operating evidence used in financing decisions. The recording ends with the conference’s closing reflections on geopolitics, interconnectors and flexibility.
Recorded at Montel UK Energy Day on 10 November 2026 at the QEII Centre in London, in the session on the development of BESS in the UK. View the event programme or watch all UK Energy Day 2026 recordings.
</itunes:summary>
            <itunes:subtitle>How can battery owners turn trading opportunities into revenues that support financing? This panel examines the relationship between hedging, dispatch, operating data and investment in Great Britain’s battery energy storage market.
Fintan...</itunes:subtitle>
            <itunes:author>Montel</itunes:author>
            <itunes:duration>29:17</itunes:duration>
            <media:description type="html">&lt;p&gt;&lt;p&gt;How can battery owners turn trading opportunities into revenues that support financing? This panel examines the relationship between hedging, dispatch, operating data and investment in Great Britain’s battery energy storage market.&lt;/p&gt;
&lt;p&gt;Fintan Devenney, Senior Energy Analyst at Montel, moderates Mark Meyrick, General Manager of Ecotricity Smart Grid Limited; Jacopo Buriollo, Founder and CEO of Megawatt Finance; and Victor Yip, GB Flexible Energy Lead at Aurora Energy Research.&lt;/p&gt;
&lt;h2&gt;What the panel discusses&lt;/h2&gt;&lt;ul&gt;&lt;li&gt;How top-bottom price spreads can inform hedges, tolling agreements and revenue floors, and where a simple spread differs from an asset’s full cash flow.&lt;/li&gt;&lt;li&gt;Whether greater visibility of battery energy through GC0166 will improve dispatch in the Balancing Mechanism, and who benefits from that transparency.&lt;/li&gt;&lt;li&gt;The financing rationale for long-duration energy storage (LDES) cap-and-floor support, alongside concerns about procurement, location and unintended market effects.&lt;/li&gt;&lt;li&gt;How large storage projects may change competition for services, and where smaller batteries could find an operational niche.&lt;/li&gt;&lt;li&gt;The trade-off between merchant opportunities and bankable evidence in newer European markets compared with Great Britain.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;The speakers offer differing views on storage policy and commercial strategy. Their exchange distinguishes potential market opportunities from the contracted income and operating evidence used in financing decisions. The recording ends with the conference’s closing reflections on geopolitics, interconnectors and flexibility.&lt;/p&gt;
&lt;p&gt;Recorded at Montel UK Energy Day on 10 November 2026 at the QEII Centre in London, in the session on the development of BESS in the UK. &lt;a href="https://montel.energy/resources/academy/conferences/uk-energy-day-2026"&gt;View the event programme&lt;/a&gt; or &lt;a href="https://video.montel.energy/uk-energy-day-2026-1"&gt;watch all UK Energy Day 2026 recordings&lt;/a&gt;.&lt;/p&gt;
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            <category>2026</category>
            <category>balancing-mechanism</category>
            <category>battery-storage</category>
            <category>battery-tolling</category>
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            <enclosure url="http://video.montel.energy/64968578/134073671/eb7541432936d529ba900bf62b387d75/video_medium/battery-finance-from-backtest-to-video.mp4?source=podcast" type="video/mp4" length="49159837"/>
            <title>Battery finance: from backtest to bankable | Jacopo Buriollo</title>
            <link>http://video.montel.energy/battery-finance-from-backtest-to</link>
            <description>&lt;p&gt;&lt;p&gt;A strong battery revenue forecast is only part of a financing case. Jacopo Buriollo, Founder and CEO of Megawatt Finance, explains why lenders also scrutinise downside performance, operating assumptions, contracted income and evidence from real assets.&lt;/p&gt;
&lt;p&gt;Using Great Britain’s battery market as a reference, Buriollo follows the steps from a theoretical backtest to the cash flows used to size debt. He distinguishes revenue benchmarks from financeable income and explains how differences in foresight, availability, cycling, usable capacity and costs can change the result.&lt;/p&gt;
&lt;h2&gt;What the presentation covers&lt;/h2&gt;&lt;ul&gt;&lt;li&gt;Why model assumptions need to be explicit before a benchmark is used in a battery financial model.&lt;/li&gt;&lt;li&gt;The difference between being online and being available to deliver, and why availability evidence matters to lenders.&lt;/li&gt;&lt;li&gt;How monthly revenue variation and the mix of wholesale, balancing and ancillary services affect the assessment of downside risk.&lt;/li&gt;&lt;li&gt;The role of capacity-market income, tolling arrangements and revenue floors, including the financing rationale for long-duration storage support.&lt;/li&gt;&lt;li&gt;How independently checkable settlement records can build an operating history, particularly in newer European battery markets.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;Buriollo concludes with three due-diligence questions: what does the model assume, how bad could performance become, and who can verify the underlying numbers? The recording presents his financing perspective and examples discussed at the event.&lt;/p&gt;
&lt;p&gt;Recorded at Montel UK Energy Day on 10 November 2026 at the QEII Centre in London, in the session on the development of BESS in the UK. &lt;a href="https://montel.energy/resources/academy/conferences/uk-energy-day-2026"&gt;View the event programme&lt;/a&gt; or &lt;a href="https://video.montel.energy/uk-energy-day-2026-1"&gt;watch all UK Energy Day 2026 recordings&lt;/a&gt;.&lt;/p&gt;
&lt;/p&gt;&lt;p&gt;&lt;a href="http://video.montel.energy/battery-finance-from-backtest-to"&gt;&lt;img src="http://video.montel.energy/64968578/134073671/eb7541432936d529ba900bf62b387d75/standard/download-12-thumbnail.jpg" width="600" height="338"/&gt;&lt;/a&gt;&lt;/p&gt;</description>
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            <pubDate>Thu, 12 Nov 2026 23:02:39 GMT</pubDate>
            <media:title>Battery finance: from backtest to bankable | Jacopo Buriollo</media:title>
            <itunes:summary>A strong battery revenue forecast is only part of a financing case. Jacopo Buriollo, Founder and CEO of Megawatt Finance, explains why lenders also scrutinise downside performance, operating assumptions, contracted income and evidence from real assets.
Using Great Britain’s battery market as a reference, Buriollo follows the steps from a theoretical backtest to the cash flows used to size debt. He distinguishes revenue benchmarks from financeable income and explains how differences in foresight, availability, cycling, usable capacity and costs can change the result.
What the presentation coversWhy model assumptions need to be explicit before a benchmark is used in a battery financial model.The difference between being online and being available to deliver, and why availability evidence matters to lenders.How monthly revenue variation and the mix of wholesale, balancing and ancillary services affect the assessment of downside risk.The role of capacity-market income, tolling arrangements and revenue floors, including the financing rationale for long-duration storage support.How independently checkable settlement records can build an operating history, particularly in newer European battery markets.Buriollo concludes with three due-diligence questions: what does the model assume, how bad could performance become, and who can verify the underlying numbers? The recording presents his financing perspective and examples discussed at the event.
Recorded at Montel UK Energy Day on 10 November 2026 at the QEII Centre in London, in the session on the development of BESS in the UK. View the event programme or watch all UK Energy Day 2026 recordings.
</itunes:summary>
            <itunes:subtitle>A strong battery revenue forecast is only part of a financing case. Jacopo Buriollo, Founder and CEO of Megawatt Finance, explains why lenders also scrutinise downside performance, operating assumptions, contracted income and evidence from real...</itunes:subtitle>
            <itunes:author>Montel</itunes:author>
            <itunes:duration>17:35</itunes:duration>
            <media:description type="html">&lt;p&gt;&lt;p&gt;A strong battery revenue forecast is only part of a financing case. Jacopo Buriollo, Founder and CEO of Megawatt Finance, explains why lenders also scrutinise downside performance, operating assumptions, contracted income and evidence from real assets.&lt;/p&gt;
&lt;p&gt;Using Great Britain’s battery market as a reference, Buriollo follows the steps from a theoretical backtest to the cash flows used to size debt. He distinguishes revenue benchmarks from financeable income and explains how differences in foresight, availability, cycling, usable capacity and costs can change the result.&lt;/p&gt;
&lt;h2&gt;What the presentation covers&lt;/h2&gt;&lt;ul&gt;&lt;li&gt;Why model assumptions need to be explicit before a benchmark is used in a battery financial model.&lt;/li&gt;&lt;li&gt;The difference between being online and being available to deliver, and why availability evidence matters to lenders.&lt;/li&gt;&lt;li&gt;How monthly revenue variation and the mix of wholesale, balancing and ancillary services affect the assessment of downside risk.&lt;/li&gt;&lt;li&gt;The role of capacity-market income, tolling arrangements and revenue floors, including the financing rationale for long-duration storage support.&lt;/li&gt;&lt;li&gt;How independently checkable settlement records can build an operating history, particularly in newer European battery markets.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;Buriollo concludes with three due-diligence questions: what does the model assume, how bad could performance become, and who can verify the underlying numbers? The recording presents his financing perspective and examples discussed at the event.&lt;/p&gt;
&lt;p&gt;Recorded at Montel UK Energy Day on 10 November 2026 at the QEII Centre in London, in the session on the development of BESS in the UK. &lt;a href="https://montel.energy/resources/academy/conferences/uk-energy-day-2026"&gt;View the event programme&lt;/a&gt; or &lt;a href="https://video.montel.energy/uk-energy-day-2026-1"&gt;watch all UK Energy Day 2026 recordings&lt;/a&gt;.&lt;/p&gt;
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            <category>2026</category>
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            <category>battery-storage</category>
            <category>battery-tolling</category>
            <category>bess</category>
            <category>energy-day</category>
            <category>energy-storage</category>
            <category>project-finance</category>
            <category>revenue-benchmarks</category>
            <category>revenue-floors</category>
            <category>uk-energy-day-2026</category>
            <category>united-kingdom</category>
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